Current through the 2024 Fourth Special Session
Section 75-7-204 - Trust proceedings - Dismissal of matters relating to foreign trusts(1) The court may not, over the objection of a party, entertain proceedings under Section 75-7-201 involving a trust which: (a) is under the continuing supervision of a foreign court;(b) is registered in another state; or(c) has a fiduciary which transacts a major portion of its trust administration in another state.(2) Notwithstanding Subsection (1), the court may entertain a proceeding regarding any matter involving a trust if:(a) all appropriate parties could not be bound by litigation in the courts of the other state; or(b) the interests of justice would be seriously impaired.(3) The court may condition a stay or dismissal of a proceeding on the consent of any party to the jurisdiction of the courts of another state, or the court may grant a continuance or enter any other appropriate order.Amended by Chapter 3, 2003 Special Session 2